Vendor Management

Instructed by Martin V
  • Lectures 11
  • Video 1 Hours
  • Skill level beginner level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

Course Description

This course is an introduction to vendor management for project managers.  Discover how to efficiently manage contractors in projects by learning vendor management tools and techniques and how to use them effectively.  Topics include:

  • Procurement planning
  • Contract types and characteristics
  • Strategies used to request and review seller proposals
  • Contract administration and closure

In addition to video content the course also includes supplementary material including

  • Templates
  • Presentations from YouTube and Slideshare
  • Recommendations for further reading
  • A brief quiz to test your knowledge
This is a limited time offer.  So sign up now!

What are the requirements?

  • Basic knowledge of project management

What am I going to get from this course?

  • Over 11 lectures and 55 mins of content!
  • Understand procurement processes
  • Recognize common contract types, their characteristics, and appropriate use
  • Understand strategies used to request and review seller proposals
  • Recognize contract administration and closure

What is the target audience?

  • Project Managers
  • Program Managers
  • Product Managers
  • Entrepreneurs

What you get with this course?

Not for you? No problem.
30 day money back guarantee

Forever yours.
Lifetime access

Learn on the go.
Desktop, iOS and Android

Get rewarded.
Certificate of completion


Section 1: Introduction
This lecture is a brief summary of you will learn in the course.
This lecture will introduce you to procurement management principles, terminology and processes.
Section 2: Plan Procurement and Contracting
In this lecture we will discuss options to purchase products or services outside your organization and frequently used techniques including
  • Make-or-buy analysis
  • Expert judgment
  • Contract type
These tools will facilitate make-or-buy decisions, procurement planning and Statement of Work.

This lecture continues to discuss techniques to plan purchases and acquisitions.
In this lecture we will discuss the documents needed for the request seller responses process and select seller process.
Section 3: Select Sellers
In this lecture you will learn techniques to request seller responses. We will cover
  • Bidder conferences
  • Advertising
  • Develop qualified sellers list
The techniques will allow to to create qualified sellers list, a procurement document package and proposals.
In this lecture we will discuss vendor selection techniques such as
  • Contract negotiation
  • Seller rating system
  • Proposal evaluation techniques
These tools will allow to select vendors, prepare contract and update contract management plan.
This lecture continues to discuss techniques to select vendors.
Section 4: Monitoring & Control Phase
This lecture covers required activities to ensure that the seller’s performance meets contractual requirements and buyer performs according to the terms of the contract.
Section 5: Closing
The lecture covers the activities to ensure completion and settlement of the contract, product verification and administrative closure. 
This is brief wrap-up lecture summarizing you you have learned in the course.
Section 6: Test Your Knowledge
Sections 1 - 5
5 questions

Instructor Biography

Martin V , Creator, Instructor

Martin Vonderheiden has worked over 15 years in management and consulting roles for Financial Services and Software companies.

During his tenure in banking, Martin helped to implement global payment standards and automated Service processes for online and mobile banking platforms that move $2+ trillion in payment transactions daily. Moreover, he helped implementing CRM tools and operations management best practices such as ITIL, SDLC and Agile.

Before that, Martin managed multinational business transformation initiatives in the insurance industry using Lean and Six Sigma methodologies.

Prior to that, he trained and consulted companies in EMEA on BPR and process-driven implementation of SAP solutions.

Martin has taught professionals in 135+ countries on product, project and operations management best practices. He has earned PMP, Lean Six Sigma and web developer certifications as well as masters degrees in engineering and business.

Join the biggest student community


Hours of video content


Course Enrollments




Average Rating
  1. 5 Stars
  2. 4 Stars
  3. 3 Stars
  4. 2 Stars
  5. 1 Stars
    • Linda Smith

    Highly recommended!

    Good overview on procurement and outsourcing basics. Very helpful insights for project managers. Thanks for a great lecture on vendor management!

Ready to start learning?
Enroll for free now